National Instruments has record-breaking year

Feb 2, 2015
Austin Business Journal

National Instruments Inc. reported a big fourth quarter, with revenue surging 11 percent to $333 million and total orders up 13 percent, according to documents filed with the U.S. Securities and Exchange Commission Thursday

Unadjusted fourth quarter net income for Austin-based National Instruments was $43 million with earnings per share of 34 cents, while adjusted net income was $51 million with earnings per share of 40 cents

"We have built and continue to run our company for long-term, sustainable growth," said James Truchard, National Instruments' CEO and co-founder, in a statement announcing the results. "Over the course of several decades, we have successfully managed the business through various economic and currency cycles, and we are prepared to navigate the near-term disruptions resulting from currency fluctuations. Our differentiated platform continues to deliver on our strategy of reducing the costs of our customers' systems, while growing our business in the markets we serve."

For the year, the company set several records, including revenue, which was up 6 percent to $1.24 billion. Adjusted annual earnings for 2014 came in at $126 million, while unadjusted income stood at $156 million

The company set first quarter revenue guidance of between $280 million and $310 million with adjusted earning per share of between 11 cents to 23 cents

In late afternoon trading Friday, National Instruments shares were basically flat, trading up 9 cents to $30.23

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